Towards a New System of Community Development

March 7, 2019 | The New Localism

By Bruce Katz and Ross Baird

Our continued visits to Opportunity Zones across the country (most recently Austin, Dayton, Kansas City, Norfolk, Baltimore, and San Antonio) and our conversations with literally dozens of practitioners reinforce our sense that the new federal tax incentive is (unexpectedly and slowly) driving the creation of a new system of community economic development. The process of invention is messy, haphazard and chaotic even by U.S. standards, made more complicated by the fact that a new class of investors and a relentless market orientation has been introduced into a system that has been largely dominated by a closed loop of actors motivated by either federal bank regulation or social impact.

Read the Full Article »

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *